Agreed....at least for the Peace Prize. Political correctness rules in the selection process, and I've lost all respect for this Prize's prestige. As far as I know, the others have retained their integrity.
Economics is quite political and controversial sometimes too. But I agree that most problems are with the Peace Prize. It has been a joke since Kissinger, and it haven't recovered.
Obama being given the prize was definitely premature - and I say that as someone that generally respected him and (at least some of) his achievements. Did he deserve it eventually? Maybe. Did he deserve it in 2009? Absolutely not.
Depending on the country you're from, it could be synonymous. "Economics" in the US can be the same thing as what is termed "Political Economy" in the UK
A physicist, a chemist and an economist are stranded on a desert island with a crate of canned food but no can opener. You can look up the rest of the joke.
(Nobel did not include an award in economics; it was only created in the 1960s with an endowment from a Swedish bank. So strictly speaking there is no Nobel prize for economics.)
There is no Nobel Prize for economics. Alfred Nobel created five prizes. In 1968, to legitimate a non-science as a real science, the Swedish Central Bank created the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
At the very least, there needs to be a disclaimer that it includes one category not created by Nobel.
Absolutely. The bank-created "economics" award is pure BS, and in no way an actual Nobel prize.
"The Nobel family dissociates itself from the economics prize. On October 11th, 2010, Peter Nobel, a lawyer and descendent of Alfred Nobel, issued a statement dissociating the Nobel family from the so-called Nobel prize in economics."
Please remove the "economics" category, as it is not a Nobel prize, nor has it ever been.
It's called "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel", and the Nobel family has dissociated itself from this title and does not even want their name used in association with it.
(Nobel did not include an award in economics; it was only created in the 1960s with an endowment from a Swedish bank. So strictly speaking there is no Nobel prize for economics.)
At the very least, there needs to be a disclaimer that it includes one category not created by Nobel.
"The Nobel family dissociates itself from the economics prize. On October 11th, 2010, Peter Nobel, a lawyer and descendent of Alfred Nobel, issued a statement dissociating the Nobel family from the so-called Nobel prize in economics."
It's called "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel", and the Nobel family has dissociated itself from this title and does not even want their name used in association with it.
Literature and Peace are extremely subjective and the peace prize especially is a token award which requires grand gestures but no results.
Meanwhile, as others have pointed out, Economics is technically not even a Nobel prize and also it is clearly still a dubious science in its infancy.